Home
Solutions
Products
Pricing
Resources
Request Demo
Start Free
Menu Search Account

LegiStorm

Get LegiStorm App Visit Product Demo Website
» Get LegiStorm App
» Get LegiStorm Pro Free Demo
StateStorm

Weekly Updates

LegiStorm is constantly adding new information on the people, places and reports in our database. In the past week, LegiStorm added:

  • 376 new people
  • 171 new organizations
  • 408 new photos
  • 1234 job history records for people in our database
  • 653 education records for people in our database
  • 1467 contact addresses, emails and URLs (LinkedIn, Facebook, etc.)
  • 3 new people through the revolving door
  • 109 new policy reports
  • 43 new trips to our privately funded travel database
  • 629 new personal financial disclosures
  • 15148 new press releases
  • 11 new town halls
  • 25 new hearings

Caught Our Eye Rss

» More from Caught Our Eye
» More from our DevBlog

Income Security: The Social Security Notch Issue

  Premium   Download PDF Now (12 pages)
Report Type Reports and Testimonies
Report Date April 22, 1988
Report No. T-HRD-88-15
Subject
Summary:

GAO discussed the social security benefits disparity, known as the notch, specifically: (1) how the notch arose; (2) how it affects beneficiaries; and (3) alternatives for financing legislation to address the problem. GAO found that: (1) Congress amended the Social Security Act in 1977 to alter the social security benefits computation formula; (2) under the new formula, retirees born in or after 1917 receive smaller benefit amounts than those born before then; (3) rapid inflation in the late 1970's and early 1980's caused the benefits of the pre-notch group to rise faster and widened the gap between the two groups' benefits; and (4) legislation to award higher benefits to the notch group would be costly and would affect both the short- and long-term status of the trust fund. GAO believes that Congress may wish to: (1) keep the effect of notch legislation on current and projected trust fund balances as neutral as possible; (2) evaluate the resources and time required to implement the legislation; and (3) retain the current 5-year transition period.

« Return to search Government Accountability Office reports

HomeAbout Us Contact UsPrivacy PolicyTerms of UseJoin Us
© LegiStorm
LegiStorm
2101 L St. NW, Suite 300
Washington, DC 20037
(202) 360-4172 / congress@legistorm.com